If the U.S. imposed an import quota on construction equipment, then the sales of U.S. construction equipment producers would
A)rise and the exports of other U.S. industries would rise.
B)rise and the exports of other U.S. industries would fall.
C)fall and the exports of other U.S. industries would rise.
D)fall and the exports of other U.S. industries would fall.

Question

Quizplus · Accepted Answer

An import quota on construction equipment would reduce foreign competition, leading to increased sales for U.S. producers. However, it could lead to retaliatory measures from other countries, potentially reducing exports from other U.S. industries.

If the US Imposed an Import Quota on Construction Equipment, Then the Then